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So within 7 years of the start of Bitcoin, pretty much every original Bitcoin developer had become disillusioned, with claims like it was "an experiment" and "h
by astoor 5y ago
So within 7 years of the start of Bitcoin, pretty much every original Bitcoin developer had become disillusioned, with claims like it was "an experiment" and "has failed"[0]. We're now heading towards 7 years since the start of Ethereum, and it sounds like Vitalik is now too beginning to realise that it has turned into something a lot worse than what it tried to replace, e.g. because it magnifies the most terrible aspects of human nature.
[0] https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7 https://blog.plan99.net/the-resolution-of-the-bitcoin-experi...
- cuteboy19 5y agoLet us not think Vitalik was some sort of saint. Etherium was launched with a massive premine which the developers awarded themselves a sizable chunk of the supply before the network even came online. Not only was this pretty scammy in of itself, it also legitimized future shitcoins having similar amounts of premine
- armitron 5y agoIf I'm being charitable, it's hard to see Vitalik as anything other than naive/"useful idiot" to the commoditize-everything hypercapitalist forces. It doesn't take a genius to show some restraint in opening one pandora's box after another. Some of the Bitcoin devs realized this early on. Ethereum, for whatever reason, didn't and it's been scamville ever since.
- 3np 5y agoAs for Bitcoin developers, that's not really true at all. There are quite a few that are active in ecosystem development and conversation on the bitcoinhackers.org mastodon instance and a few IRC/Matrix channels. Unfortunately, Ethereum communities still seem to socialize and organize on centralized platforms like Slack, Discord, and Twitter.